- Money Mail research has found 35 lenders, including Barclays, HSBC, NatWest and Halifax, have either increased mortgage rates or withdrawn their best deals since the beginning of October 2017
- Visa research has found that more than 50% of 18 to 34-year-olds regularly use a banking app compared with 38% of the population as a whole, while 34% have made a P2P payment with their phone
- UBS chief executive, Sergio Emotti, has said the bank’s ‘worst case scenario’ of having to move 1,000 jobs out of London due to Brexit was looking unlikely. He added that the bank plans to tell UK staff ‘in the next few weeks’ where positions will be moved
- Bank of America has partnered with Intel to add biometric authentication to its online platform for PC users. From 2018, the bank will incorporate Intel’s Online Connect technology into its online banking authentication process, enabling customers to log in with a fingerprint
- JPMorgan Chase has signed a deal with London tech start-up Mosaic Smart Data to use the British analytics firm’s software to help its fixed-income sales and trading business become more profitable
- UK banks are avoiding companies that handle crypto-currencies, forcing them to open accounts in Gibraltar, Poland and Bulgaria, according to the FT. Currently, Barclays has some clients in the crypto-currency sector, while HSBC is in discussions with a few potential clients, despite its 2011 ban on doing business with the money services sector due to money laundering concerns
